MARKET REPORTS 03-15 Food and Beverage Market Reports - S. Sherman Associates

Most Animal Protein Exports Year-Over-Year Higher in 2018

2018 exports of beef, pork, broilers, and milk were strong in 2018, driven by domestic production increases and favorable foreign demand. U.S. beef exports increased 10.3 percent last year, pork exports increased 4.2 percent, and broiler exports were 4.1 percent higher than in 2017. Although milk production increases were modest last year (+0.9 percent over 2017), strong foreign demand led to a 9.5-percent increase in dairy product exports.


Mexican officials are urging "mirror measures" on U.S. farm imports

of products such as yellow corn and poultry, in an effort to counter subsidized imports from the U.S. The government is working on an updated list of products imported from the U.S. on which to possibly apply a second round of tariffs in response to U.S. measures imposed on Mexican steel and aluminum. The list will be set by the end of April if the steel and aluminum tariffs are not withdrawn...

Farmer Sentiment Weakens Amid Increasing Marketing Risk Concerns

n February, according to Purdue University's Ag Economy Barometer. Half of respondents said they either have no plans for their operation to grow in size or they plan to reduce its size, while farmers' attitudes' towards making investments in machinery and buildings has deteriorated. Farmers became a bit more optimistic about the future of agricultural exports, though they remain concerned about marketing and price risk in agricultural markets...

CONSUMER PRICE INDEX – February 2019

The index for food away from home rose 0.4 percent in February following a 0.3-percent increase the prior month. The index for limited service meals rose 0.5 percent, while the index for full service meals increased 0.3 percent.

Researchers: Biofuels mandate may cause more harm than good with plowed-up land

About 1.6 million acres of grass and wetlands nationally were converted to grow crops because of a federal ethanol mandate that inflated the prices of corn and soybeans, according to a National Wildlife Federation study. The mandate is responsible for adding about 300,000 tons of nitrogen fertilizer a year that has been draining into waterways and destroyed crucial habitat for monarch butterflies, researchers found...

NOAA will review if new fishing restrictions are needed to help prevent the extinction of whales

NOAA will review if new fishing restrictions are needed to help prevent the extinction of whales that frequent Puget Sound. The agency informed the Pacific Fishery Management Council that it is examining whether new restrictions are needed, particularly on fisheries in the Lower Columbia and Sacramento River and on fall-run chinook salmon in the Klamath River...

Citrus and berry harvest to be affected by California rains

California's citrus and berry harvest could be heavily impacted by a three-day storm that began March 5, according to Weathermelon. Farmers in the San Joaquin Valley expect between two and 2.5 inches of rain through March 7, while the Oxnard and Santa Maria regions expect between 1.5 and three inches...

California strawberry growers shipped approximately 15 million flats through March 4
A 15.7% decrease from the year-ago period, according to the California Strawberry Commission. The highest recorded daily production between Feb. 25 and March 4 was March 4, with a total of about 189,000 flats.

Foot-and-mouth disease (FMD) spreads more aggressively in pigs than previously believed
according to a USDA study published in Scientific Reports. The study found pigs infected with the FMD virus were highly contagious to other pigs just 24 hours after infection and before showing clinical signs of the disease...



U.S. soybean farmers fear Chinese demand for the product won't return
as tariff issues abate and Chinese consumers increase their consumption of canola meal and sunflower seed meal. Additionally, U.S. analysts argue Brazil and other exporters could permanently garner market share....

Minnesota dairy farmers are being forced to dump their milk

after heavy snowfall obstructed roads and damaged farms. Minnesota Milk Producers Association reported over 1,000 dairies had to get rid of milk due to the inability to have it delivered. In addition, the buildup of snowfall in the upper Midwest in February is causing some farm structures to buckle....

Avocado producers in California and Mexico are expected to ship about 52.1 million-lbs.

Avocado producers in California and Mexico are expected to ship about 52.1 million-lbs. the week of March 10, according to the Hass Avocado Board. The board reported about 56.3 million-lbs. shipped the week of March 3.....



A Weekly Market Update...
Volume No. 24 Issue No. 10
Date: March 7, 2019

Market Trends Report

U.S. National Weekly Pricing Report
National Weekly Pricing Report - Prepared for the School Nutrition Association...

Dairy Market News
Date: National Dairy Market at a Glance - March 8, 2019

Organic Specialty Crops - National Summary
Date: March 14, 2019

Organic Produce
Date: Retail Organic Produce Comparison - March 12, 2019

Fruit & Veg Prices at Point of Shipping - National FOB Review
Date: March 8, 2018

Fresh Fruit & Vegetable - National Shipping Point Trends
Prices represent open (spot) market sales by first handlers on product. - Date: March 5, 2019

USDA National Shell Egg Market News Report
Date: March 11, 2019

USDA Processed Egg Market News Report
F.O.B. Shipper Dock Basis & Wholesale prices; Date: March 8, 2019

Broiler Market News Report
Date: March 8, 2019

Flour Facts
Information Provided by General Mills Bakery Flour

NOAA Fish News
The Nations Database on Sustainable Seafood - Provided by NOAA Fisheries

The Weekly Blue - The Weekly National Carlot Meat Report
Provided by the USDA

Weekly Boxed Beef Cuts - Prime Beef Programs
Prime Graded Beef Reporting - Provided by the USDA

Weekly Boxed Beef Cuts - Branded Beef Programs
Upper 2/3rd Choice Graded and Lower 1/3rd Choice Graded Beef Reporting - Provided by the USDA

The "Daily" Livestock Report
March 15, 2019 ~ Sponsored by the Chicago Mercantile Exchange

National Retail Report - Beef
Advertised Prices for Beef at Major Retail Supermarket Outlets

YOY (Year Over Year)
Market Tables outlining current 2019 market prices versus 2018
March 14, 2019

Informative Sources

In our work it's important that we keep up to date with the most current data and these are but a few that we use...


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